Fuel Supply: Please Don’t Panic, NNPC insists

The Nigerian National Petroleum Company, NNPC has advised the general public not to engage in panic buying of Premium Motor Spirit, more commonly known as petrol.

The NNPC, in a statement said it has over 1.7 billion litres of petrol in stock and more product is expected to arrive into the country daily over the coming weeks and months.

“The oil company is not aware of any plan by goverment to cause an increase in the pump price of petrol”

According to the statement issued by Garba Deen Muhammad, Group General Manager, Public Affairs Division, “it is therefore unnecessary to entertain any fear of scarcity of petrol throghout the festive season and beyond.

The statement also noted that the oil company is not aware of any plan by goverment to cause an increase in the pump price of petrol.

Valuechain reports that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration last week.

“In view of these assurances therefore, the NNPC is advising motorists and other consumers of petrol to maintain their regular pattern of the purchase of petrol without getting into a panic situation that may send the wrong signals around the country,” the statement further added.

The NNPC also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond, Valuechain further reports.